BANGLADESH STEEL SCRAP: Major mills avoid containers after recent bulk buys

The largest steelmakers in Bangladesh were largely out of the market for containers of steel scrap on Thursday September 16 following recent deep-sea cargo bookings, market participants have told Fastmarkets.

In deals done last week, two deep-sea cargoes were booked to a mill in Bangladesh from the United States West Coast at $530 per tonne cfr for shredded, while a second mill booked deep-sea material from Australia and New Zealand at $515 per tonne cfr for HMS 1&2 (80:20), sources said.
This latest round of buying was done at prices lower than sales from the US West Coast in early August, in which deals were done around $540-542 per tonne cfr Bangladesh for HMS 1&2 (80:20), sources said.

A mixed cargo of HMS 1&2 (80:20) and shredded scrap was heard offered from the US West Coast at $525 per tonne cfr Bangladesh this week,...

Published

Lee Allen

September 16, 2021

19:47 GMT

London